![]() Russia's unprovoked invasion of Ukraine has now entered into its sixth month, suggesting that any repercussions for energy markets could be far worse. ![]() Only that time, the conflict lasted just 20 days. "And, as in 1973, you get a war," he continued, referring to the 1973 Arab-Israeli War - also known as the Yom Kippur War - between Israel and a coalition of Arab states led by Egypt and Syria.Īs with Russia's current war in Ukraine, the 1973 Arab-Israeli War led to international involvement from then-superpowers the Soviet Union and the U.S., sparking a wider energy crisis. "The monetary and fiscal policy mistakes of last year, which set this inflation off, are very alike to the 60s," he said, likening recent price hikes to the 1970's doggedly high inflation. "The ingredients of the 1970s are already in place," Ferguson, Milbank Family Senior Fellow at the Hoover Institution, Stanford University, told CNBC's Steve Sedgwick. ![]() Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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